Many traders place extra emphasis on trade entry. They look to buy as near as possible to the low tick or sell near the high. If a market starts to move and the trader missed getting in near the extreme tick, they look elsewhere thinking opportunity has passed them by. Too bad. Sometimes, it is difficult to get in near the high or the low. Markets have become more volatile … [Read more...]
Archives for 2013
Springs!
Springs are my bread & Butter trade. No doubt about that. They were first described by Bob Evans, a great teacher of the Wyckoff Method. Wyckoff had talked about something similar in a terminal shake out at the end of a prolonged trading range. It was Evans who saw other applications of the flush, which he described as a Spring. For the swing traders (also day traders … [Read more...]
Happy Thanksgiving!
Happy Thanksgiving to Everyone! We are very appreciative of the great community of traders who visit the site, who we meet in seminars and trading events across the globe, and who participate in Chart Reading Mastery and Deep Practice. Where ever you are in this small world, we wish you peace, prosperity and happiness as we enter the holiday season. We are grateful to … [Read more...]
Series of Great Holiday Week Trades
Holiday Trading Some traders tell me that they don't like to trade during holiday weeks because the markets don't move that much. That was probably true in years past, but there are more and more participants each year, many from outside the US. These traders are having their impact on the volume and activity of the markets. This trend is giving us better opportunities in … [Read more...]
The 3-10 Oscillator & Black Friday
3-10 Oscillator In Thursday’s Deep Practice session, one of the members asked about using the 3-10 Oscillator. It is a tool that I have used for over a decade. You don’t need to use it, everything can be seen in the chart, but it can be helpful in various situations. I like to use it in conjunction with a 20-period moving average. I use the EMA, but a SMA will work just as … [Read more...]